Session 14: Equity Analysis and Valuation
Reading 59: Introduction to Industry and Company Analysis
LOS e: Discuss the elements that need to be covered in a thorough industry analysis.
The industry experience curve illustrates the relationship between:
|
A) |
company age and profitability. | |
|
B) |
cumulative output and cost per unit. | |
|
C) |
productivity and average years of employment. | |
The industry experience curve shows cost per unit relative to cumulative output. Cost per unit typically decreases over time due to higher utilization rates for fixed capital, improvements in the efficiency of labor, and better product design and manufacturing methods. | 
发表于 2011-3-30 11:26
|